Filing Details

Accession Number:
0001562180-21-003224
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-05-05 13:00:00
Reporting Period:
2021-05-04
Accepted Time:
2021-05-05 16:36:22
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1517375 Sprout Social Inc. SPT () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1372274 Joseph Preto Del 131 South Dearborn St.
Suite 700
Chicago IL 60603
Cfo And Treasurer No No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Disposition 2021-05-04 2,708 $61.08 141,355 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Footnotes
  1. Shares sold pursuant to an irrevocable election made in conformity with the requirements of Rule 10b5-1 for the purpose of covering tax obligations upon settlement of restricted stock units issued under the Sprout Social, Inc. 2016 Stock Plan and the Sprout Social, Inc. 2019 Incentive Award Plan.
  2. The total reported in column 5 includes: (1) 24,792 reported Restricted Stock Units ("RSUs"), which vest in 12 equal quarterly installments beginning on June 1, 2021, and do not expire; (2) 15,000 reported RSUs which vest in 3 equal monthly installments beginning on May 24, 2021 and expire July 24, 2024; (3) 31,250 reported RSUs which vest in 30 equal monthly installments beginning on May 29, 2021 and do not expire; and (4) 14,767 reported RSUs of which 25% vest on March 1, 2022 with the remaining RSUs vesting in 12 equal quarterly installments beginning on June 1, 2022 and do not expire. Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer.